VNQ Options History — December 2015

In December 2015, VNQ traded between $77.55 and $80.65. ATM implied volatility averaged 16.2%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 1.1% (HV 20d: 17.2%). Max pain ranged from $78.00 to $81.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 7.93.

Notable Days

  • 2015-12-11: Highest Volume — 53,591 contracts
  • 2015-12-22: Largest IV drop — 18.6% change
  • 2015-12-11: Highest IV Rank — 58.4%
  • 2015-12-11: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.23$77.55$80.65$80.49$80.04
Max Pain$80.73$78.00$81.00$78.00$81.00
ATM IV16.2%11.9%20.0%17.7%14.1%
Expected Move4.5%3.4%5.7%5.1%4.0%
HV 20d17.2%14.4%21.1%19.7%14.4%
HV 60d16.9%16.1%17.3%16.8%16.1%
IV Rank35.9%11.7%58.4%45.2%22.9%
IV Percentile57.1%8.7%90.5%79.4%33.3%
Term Structure0.5%-2.2%2.0%-2.2%0.8%
VWIV17.5%10.4%26.3%17.0%15.0%
Skew 25d4.0%1.6%6.0%3.7%2.4%
Skew 10d8.0%3.1%12.6%8.3%4.8%
Call IV 25d14.2%11.6%17.9%15.9%13.1%
Put IV 25d18.2%13.9%23.6%19.5%15.6%
Bid-Ask Spread %62.0227.4378.8869.7067.07
Gamma HHI0.160.130.240.130.15
Net GEX-2.3M-8.5M8.6M3.6M-4.7M
Net DEX38.4M-17.9M79.4M-17.9M37.3M
Net VEX-573.8K-713.0K-430.4K-519.5K-530.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.930.3724.020.370.46
Total Volume20,623.59145853,5914585,925
Total OI89,634.22767,716105,405104,55869,336

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-12-01$80.49$78.0017.7%5.1%19.7%45.2%17.0%3.7%-2.2%3.6M-17.9M-519.5K0.3769.70N/AN/A33412420,95583,603
2015-12-02$78.83$78.0018.7%5.4%19.8%50.9%18.8%3.6%-1.9%-835.5K18.7M-552.4K1.5662.51N/AN/A2,2733,54821,22583,683
2015-12-03$77.65$81.0019.7%4.9%19.9%56.5%18.9%5.5%-0.0%-1.5M33.4M-484.1K1.6763.89N/AN/A2,3553,93021,33283,737
2015-12-04$79.16$81.0017.3%4.6%21.1%43.1%20.4%5.1%1.9%2.9M986.9K-430.4K23.2269.46N/AN/A2,17350,44921,44683,959
2015-12-07$78.87$81.0018.9%4.7%17.8%52.2%16.4%3.3%0.2%-2.9M16.5M-520.9K17.5078.88N/AN/A2645521,46777,099
2015-12-08$78.87$81.0019.9%4.7%16.6%57.5%23.7%5.3%0.7%-1.7M44.5M-685.1K24.0277.31N/AN/A2,10950,65921,47677,438
2015-12-09$78.36$81.0018.2%5.2%16.3%47.9%23.3%4.6%-0.1%-2.9M56.2M-679.9K23.6376.19N/AN/A2,14250,61821,49077,466
2015-12-10$77.76$81.0017.4%5.0%16.5%43.4%22.6%5.2%1.4%-4.1M63.7M-692.5K22.2276.57N/AN/A2,27750,59321,51177,563
2015-12-11$77.55$81.0020.0%5.7%16.3%58.4%26.3%6.0%-1.1%-5.7M79.4M-713.0K22.2470.24N/AN/A2,30651,28521,50077,837
2015-12-14$77.99$81.0019.2%5.5%15.8%53.7%19.9%5.6%-0.5%-5.0M72.5M-658.9K10.8970.27N/AN/A2,19723,93521,49378,399
2015-12-15$78.86$81.0017.3%5.0%15.7%42.8%18.8%5.8%1.0%-1.8M50.7M-639.6K11.0370.41N/AN/A2,17023,93921,52878,960
2015-12-16$80.39$81.0014.8%4.2%17.0%28.6%14.5%2.7%-1.0%7.7M-4.6M-542.0K5.3663.01N/AN/A4,47724,01121,51078,961
2015-12-17$80.09$81.0014.5%4.2%17.0%27.1%16.8%4.4%1.9%8.6M6.9M-590.1K4.3570.85N/AN/A6,02926,21723,61579,216
2015-12-18$79.26$81.0015.1%4.3%17.5%30.2%16.9%4.6%2.0%-1.4M56.2M-616.1K0.7862.83N/AN/A6,7615,27922,02981,167
2015-12-21$79.36$81.0014.6%4.2%17.0%27.5%16.5%4.4%1.2%-8.5M69.9M-590.4K1.2765.23N/AN/A2,1172,69510,91256,804
2015-12-22$79.72$81.0011.9%3.4%17.0%11.8%10.4%1.6%1.5%-6.7M55.7M-534.0K0.5654.83N/AN/A5,0852,85811,09456,920
2015-12-23$79.37$81.0013.4%3.9%17.0%19.2%13.7%2.8%1.4%-6.6M56.7M-568.5K0.7128.92N/AN/A3,8672,73711,75557,016
2015-12-24$79.42$81.0013.7%3.9%16.9%20.5%14.4%3.3%1.2%-6.1M51.9M-546.2K0.6627.43N/AN/A3,9242,57411,80357,041
2015-12-28$79.83$81.0013.5%3.9%16.7%19.6%14.8%2.9%0.8%-5.6M44.2M-533.0K0.6241.62N/AN/A4,0562,50311,98057,048
2015-12-29$80.65$81.0012.2%3.5%16.9%11.7%13.0%3.4%1.5%-3.9M26.3M-504.4K0.6631.94N/AN/A3,9302,58312,15457,058
2015-12-30$80.44$81.0013.5%3.9%16.2%19.6%14.0%3.0%1.0%-4.0M26.2M-491.6K0.6365.24N/AN/A3,8012,39312,29857,069
2015-12-31$80.04$81.0014.1%4.0%14.4%22.9%15.0%2.4%0.8%-4.7M37.3M-530.7K0.4667.07N/AN/A4,0571,86812,30657,030